PDVSA board member says only Chevron (CVX) are currently exporting Venezuelan crude; "We do not owe anything to the US"; if the US wants to have Venezuela's oil supply, it must pay for cargoes at international prices

This statement from a PDVSA board member emphasizes that Chevron is the sole company currently exporting Venezuelan crude, framing the U.S.

Newsquawk StaffPublished 7 Jan 2026, 19:16 UTCOn the live feed at 18:56 UTC — 4 more headlines followed before this page went public

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PDVSA board member says only Chevron (CVX) are currently exporting Venezuelan crude; "We do not owe anything to the US"; if the US wants to have Venezuela's oil supply, it must pay for cargoes at international prices

18:28

Venezuela's PDVSA says it is in negotiations with the US to sell crude

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as needing to pay international prices for access to this supply. This could signal potential supply tightness for U.S. markets and influence oil prices, particularly if further restrictions or negotiations arise between the U.S. and Venezuela. Investors should monitor how this impacts the geopolitical landscape and the broader oil market outlook.

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